Goldman Sachs' resignation linked to 'hypocrisy'


The "hypocrisy" of Goldman Sachs' corporate culture led an executive director of the bank to resign today and post a letter on the New York Times website about his decision, according to one expert.

In the letter, Greg Smith, head of Goldman Sachs' US equity derivatives business in Europe, the Middle East and Africa, blamed the culture in the bank for his decision, pointing out that if you sat in a derivatives sales meeting "you would believe that a client's success or progress was not part of

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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